Legacy Capital Partners Inc. Buys New Stake in PayPal Holdings, Inc. (PYPL)
Legacy Capital Partners Inc. bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the first quarter, Holdings Channel reports. The fund bought 5,600 shares of the credit services provider’s stock, valued at approximately $241,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dodge & Cox bought a new position in PayPal Holdings during the fourth quarter worth approximately $7,816,000. Benjamin F. Edwards & Company Inc. boosted its position in PayPal Holdings by 236.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider’s stock worth $627,000 after buying an additional 10,250 shares during the period. Comerica Bank boosted its position in PayPal Holdings by 2.3% in the first quarter. Comerica Bank now owns 466,588 shares of the credit services provider’s stock worth $21,999,000 after buying an additional 10,270 shares during the period. Clean Yield Group bought a new position in PayPal Holdings during the first quarter worth approximately $127,000. Finally, Thrivent Financial for Lutherans boosted its position in PayPal Holdings by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,520,450 shares of the credit services provider’s stock worth $178,423,000 after buying an additional 246,950 shares during the period. 81.93% of the stock is owned by hedge funds and other institutional investors.
Shares of PayPal Holdings, Inc. (PYPL) opened at 51.84 on Friday. The firm has a market cap of $62.27 billion, a P/E ratio of 44.31 and a beta of 0.95. The company has a 50-day moving average of $50.82 and a 200 day moving average of $43.93. PayPal Holdings, Inc. has a 52-week low of $34.00 and a 52-week high of $55.14.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. PayPal Holdings’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post $1.78 earnings per share for the current year.
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A number of research analysts have recently commented on PYPL shares. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 target price on shares of PayPal Holdings in a report on Friday, April 28th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $48.00 target price on shares of PayPal Holdings in a report on Tuesday, April 4th. Stifel Nicolaus reissued a “buy” rating and issued a $49.00 target price on shares of PayPal Holdings in a report on Sunday, April 23rd. Robert W. Baird reissued an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, March 7th. Finally, Vetr raised shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating and set a $51.67 target price for the company in a report on Tuesday, March 14th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. PayPal Holdings presently has an average rating of “Buy” and a consensus price target of $50.19.
In other PayPal Holdings news, Director Gail J. Mcgovern sold 1,800 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the completion of the transaction, the director now owns 12,647 shares in the company, valued at $682,558.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,685 shares of company stock valued at $743,502. 6.00% of the stock is owned by corporate insiders.
PayPal Holdings Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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